Swedish-Danish producer of high-value added vegetable oils and fats, AAK plans to invest in a customisation plant in the Philippines as the functional ingredients and fats supplier targets growth in Asia.
The facility will be located on land owned by oils and fats refinery San Pablo Manufacturing Company in Batangas, approximately 100 kilometers south of Manila. AAK’s main focus will initially be on solutions within special nutrition, chocolate and confectionery, fats, and dairy, but the company will subsequently be able to supply speciality solutions within other segments as well.
The presence in the Philippines is also expected to provide opportunities to strengthen AAK’s efforts within sustainable sourcing. The customization facility will be operational at the end of 2018, after which AAK will continue to explore additional capabilities and opportunities in the Philippine market.